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A macroeconomic model of an epidemic with silent transmission and endogenous self-isolation / by Antonio Diez de los Rios.FB3-5/2020-50E-PDF

"We study the interaction between epidemics and economic decisions in a model where (1) agents allocate their time to market and home production and social and home leisure, (2) these activities differ in their degree of contagiousness, (3) some infected individuals are indistinguishable from susceptible individuals, and (4) agents are not necessarily rational. For baseline parameter values for the COVID-19 pandemic, we find that agents partially self-isolate by allocating more time to home activities and that the effective reproduction number of the disease stabilises at one. Detection and isolation of infected individuals severely mitigate the recession caused by the pandemic"--Abstract, page ii.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.894144&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleA macroeconomic model of an epidemic with silent transmission and endogenous self-isolation / by Antonio Diez de los Rios.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-50
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • "Last updated: November 26, 2020."
  • Includes bibliographical references (pages 33-36).
Publishing information
  • Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020.
  • ©2020
Author / Contributor
  • Diez de los Rios, Antonio, author.
Description1 online resource (ii, 40 pages, 14 unnumbered pages) : colour illustrations.
Catalogue number
  • FB3-5/2020-50E-PDF
Subject terms
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